Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.14%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.73%
steady accumulation
Rally response
+0.92%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCIOFirst Trust Structured C | $49M | 6.9% | — | 0.8 yr |
| SPIBState Street SPDR Portfo | $48M | 6.7% | — | 2.0 yr |
| AAPLApple Inc. | $36M | 5.1% | +14.7% | 2.5 yr |
| AMZNAmazon.com, Inc. | $28M | 4.0% | +9.5% | 2.5 yr |
| GOOGAlphabet Inc. | $27M | 3.7% | +84.3% | 2.5 yr |
| NVDANVIDIA Corporation | $26M | 3.6% | +60.9% | 2.5 yr |
| WMTWalmart Inc. | $24M | 3.3% | +42.8% | 2.5 yr |
| MSFTMicrosoft Corporation | $24M | 3.3% | -0.6% | 2.5 yr |
| COSTCostco Wholesale Corpora | $24M | 3.3% | +5.9% | 2.5 yr |
| AVGOBroadcom Inc. | $23M | 3.2% | +86.0% | 2.5 yr |
| LLYEli Lilly and Company | $22M | 3.1% | +12.2% | 2.3 yr |
| METAMeta Platforms, Inc. | $22M | 3.1% | -0.4% | 2.5 yr |
| FIXComfort Systems USA, Inc | $20M | 2.8% | +329.0% | 1.8 yr |
| MAMastercard Incorporated | $17M | 2.4% | -8.5% | 2.5 yr |
| PGRThe Progressive Corporat | $17M | 2.3% | -25.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.8%+6.0pp$84M
Asset Management7.5%-11.9pp$54M
Internet Content & Information6.8%+2.1pp$49M
Asset Management - Bonds6.8%+0.8pp$49M
Aerospace & Defense6.7%+3.3pp$48M
Discount Stores6.7%+1.3pp$48M
Software - Infrastructure5.3%-2.5pp$38M
Consumer Electronics5.1%-0.1pp$36M
Specialty Retail4.0%-0.5pp$28M
Engineering & Construction3.5%+2.1pp$25M
Country
US93.9%-3.7pp
IE1.8%+0.9pp
GB1.7%
TW1.6%
NL1.1%+0.3pp
Top 5: 26.4% · Top 10: 43.2% · Top 25: 75.0%
Top buys this quarter · 15
| PGR The Progressive Corporationnew | +$17M |
| 0HQN.L Cboe Global Markets, Inc.new | +$16M |
| ANET Arista Networks, Inc.new | +$15M |
| AVGO Broadcom Inc. | +$15M |
| LLY Eli Lilly and Company | +$15M |
| CTAS Cintas Corporationnew | +$13M |
| MA Mastercard Incorporated | +$12M |
| LIN Linde plcnew | +$12M |
| TJX The TJX Companies, Inc.new | +$12M |
| HEI HEICO Corporationnew | +$10M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$14M |
| TSLA Tesla, Inc. | −$13M |
| CSCO Cisco Systems, Inc.exit | −$13M |
| GS The Goldman Sachs Group, Inc. | −$12M |
| USB U.S. Bancorpexit | −$12M |
| IBM International Business Machineexit | −$11M |
| PSX Phillips 66exit | −$11M |
| HCA HCA Healthcare, Inc.exit | −$10M |
| JCI Johnson Controls International | −$9M |
| EOG EOG Resources, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $715M | 72 | +32.29% | +17.59% | +14.70% | -0.04B |
| 2025-12-31 | $777M | 73 | +26.25% | +17.72% | +8.53% | +0.02B |
| 2025-09-30 | $740M | 73 | +33.41% | +17.52% | +15.90% | +0.04B |
| 2025-06-30 | $616M | 77 | +27.32% | +14.94% | +12.37% | +0.01B |
| 2025-03-31 | $511M | 79 | +14.15% | +8.30% | +5.85% | +0.01B |
| 2024-12-31 | $544M | 80 | +30.69% | +24.89% | +5.80% | -0.00B |
| 2024-09-30 | $507M | 78 | +7.92% | +5.75% | +2.17% | +0.01B |
| 2024-06-30 | $458M | 75 | +5.84% | +4.38% | +1.46% | +0.03B |
| 2024-03-31 | $400M | 116 | +5.96% | +10.39% | -4.43% | +0.08B |
| 2023-12-31 | $301M | 113 | — | — | — | — |